VIRGINIA RETIREMENT SYSTEMS ET Al Has $3.71 Million Position in Charter Communications, Inc. $CHTR

VIRGINIA RETIREMENT SYSTEMS ET Al lessened its holdings in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 86.1% in the third quarter, Holdings Channel.com reports. The fund owned 13,500 shares of the company’s stock after selling 83,600 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Charter Communications were worth $3,714,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cooper Financial Group boosted its position in shares of Charter Communications by 2.3% in the 2nd quarter. Cooper Financial Group now owns 1,260 shares of the company’s stock worth $515,000 after purchasing an additional 28 shares during the last quarter. Diversified Trust Co lifted its stake in Charter Communications by 3.5% in the second quarter. Diversified Trust Co now owns 880 shares of the company’s stock valued at $360,000 after buying an additional 30 shares during the period. Perigon Wealth Management LLC boosted its holdings in Charter Communications by 0.8% during the second quarter. Perigon Wealth Management LLC now owns 3,924 shares of the company’s stock worth $1,604,000 after buying an additional 33 shares during the last quarter. V Square Quantitative Management LLC boosted its holdings in Charter Communications by 1.6% during the second quarter. V Square Quantitative Management LLC now owns 2,347 shares of the company’s stock worth $959,000 after buying an additional 37 shares during the last quarter. Finally, Advisory Services Network LLC grew its position in shares of Charter Communications by 3.8% during the 2nd quarter. Advisory Services Network LLC now owns 1,028 shares of the company’s stock worth $420,000 after buying an additional 38 shares during the period. Institutional investors own 81.76% of the company’s stock.

Charter Communications Price Performance

Shares of NASDAQ CHTR opened at $208.75 on Friday. The company has a fifty day moving average price of $210.77 and a 200 day moving average price of $273.07. The firm has a market cap of $27.01 billion, a PE ratio of 5.79, a PEG ratio of 0.66 and a beta of 1.06. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 4.89. Charter Communications, Inc. has a 1-year low of $193.00 and a 1-year high of $437.06.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, October 31st. The company reported $8.34 EPS for the quarter, missing analysts’ consensus estimates of $9.66 by ($1.32). The firm had revenue of $13.67 billion during the quarter, compared to the consensus estimate of $13.76 billion. Charter Communications had a net margin of 9.29% and a return on equity of 25.55%. The business’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter last year, the firm earned $8.82 earnings per share. Research analysts predict that Charter Communications, Inc. will post 38.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on CHTR shares. Sanford C. Bernstein reiterated a “market perform” rating and issued a $280.00 price target (down from $350.00) on shares of Charter Communications in a research report on Monday, November 3rd. BNP Paribas Exane cut their target price on shares of Charter Communications from $255.00 to $200.00 and set an “underperform” rating on the stock in a report on Tuesday, November 4th. Weiss Ratings reissued a “sell (d+)” rating on shares of Charter Communications in a research report on Monday. Oppenheimer cut shares of Charter Communications from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 4th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Charter Communications from $325.00 to $275.00 and set a “hold” rating on the stock in a research note on Monday, November 3rd. Four equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and six have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $321.13.

Insider Buying and Selling

In other Charter Communications news, Director David C. Merritt sold 1,200 shares of the company’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $226.18, for a total transaction of $271,416.00. Following the completion of the transaction, the director owned 10,146 shares of the company’s stock, valued at $2,294,822.28. This represents a 10.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.83% of the company’s stock.

About Charter Communications

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.